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Callinex Mines Inc.
Summary
| Project: | Pine Bay | |
|---|---|---|
| Deposit: | Sourdough | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 6/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2016: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Sourdough deposit at the Pine Bay project. Drilling results incl. 4.85m @ 1.04% Cu, 0.60g/t Au, 8.47g/t Ag, 0.45% Zn from 683.60m. Vancouver, British Columbia – June 15 | |
| Resources: | Historic estimate only - 1.624Mt @ 2.26% Cu, 0.92% Zn, 0.24g/t Au, 8.9g/t Ag | |
| CP/QP: | [Overall Report]: James Pickell (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – June 15, 2016 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from drill hole SDB- 004 which expanded the down-plunge extension of the Sourdough deposit located at the Company’s 100% owned Pine Bay Project near Flin Flon, Manitoba (see Figure 1). Drill hole SDB-004 intersected 4.9m grading 1.76% Cu Eq., located approximately 105m below drill hole SDB-001 which was drilled during the 2015 Summer Drilling Campaign and 350m down-plunge from the Sourdough deposit. A BPEM survey completed in drill hole SDB-004 identified a large, highly conductive off-hole anomaly located approximately 200m north along strike and appears to lie within the same horizon as the Sourdough deposit (see Figure 2). This geophysical anomaly is a high-priority target that will be tested during the upcoming 2016 Summer Drilling Campaign. Max Porterfield, President and CEO, stated, “Mineralization encountered over a significant area between drill holes SDB-001 and SDB-004 indicate that the system is more robust than previously interpreted. The highly conductive geophysical drill target, located within favorable host rocks, represents a compelling exploration opportunity.” | |
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